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Over 11,000 ethnic minority women gain access to micro-finance services

More than 11,000 ethnic minority women in 18 provinces have gained access to micro-finance services under a four-year project.
Over 11,000 ethnic minority women gain access to micro-finance services ảnh 1Illustrative image (Source: congthuong.vn)
Hanoi (VNA) – More than 11,000 ethnicminority women in 18 provinces have gained access to micro-finance servicesunder a four-year project.

The project, “Reach to Excel”, was implemented byCARE International in Vietnam, the Vietnam Women’s Union and Procter &Gamble (P&G), a leading corporation in fast consumer goods whose keyclients are women.

It utilised CARE’s long-term experience in enablingVietnam’s ethnic minority communities to better access micro-finance services,using CARE’s signature tool developed in 1990s – Village Savings and LoanAssociation, or VSLA.

Between January 2018 and December 2019, the project providedsupport for 5,196 ethnic minority women in the four northern mountainousprovinces of Hoa Binh, Son La, Dien Bien, and Bac Kan.

In the second phase, from December 2020 to December2021, 2,427 women gained access to the loans. Meanwhile, the number ofbeneficiaries stood at 1,416.

Le Kim Dung, Country Director of CARE Internationalin Vietnam, said the model is considered a starting point to help ethnicminority women cement their solidarity and access other forms of financial services./.
VNA
#micro-finance services #“Reach to Excel” #CARE International in Vietnam #P&G #Vietnam #VietnamPlus #Vietnam news
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